Iconic Minerals Ltd. is pleased to announce that the Company has received the third and final option payment of $2MM USD from Nevada Lithium Resources Inc. . With this payment, Nevada Lithium has fully earned its option for an aggregate 50% ownership in the Bonnie Claire Project. "We are pleased to announce the receipt of the third option payment from Nevada Lithium and look forward to working in our Joint Venture [...]
Iconic Minerals Ltd. is pleased to announce that the Company has received the second option payment of $2MM USD from Nevada Lithium Resources Inc. which increases Nevada Lithium's aggregate ownership in the Bonnie Claire Project to 35%. Concurrent with the payment, Iconic and Nevada Lithium have also agreed to an amendment of the Option Agreement, which extends the deadline for the third and final option payment under the [...]
Iconic Minerals is pleased to provide a corporate update. The Company previously announced the completion of the Preliminary Economic Assessment which confirmed that the Company's flagship lithium property, the Bonnie Claire, is economically feasible using borehole mining techniques. In the new year, the Company will further study borehole mining, as well as other mining techniques. Plan of Operations With the completion [...]
Iconic Minerals Ltd. is pleased to announce it has released Preliminary Economic Assessment report for the Bonnie Claire project located 48 km north of Beatty, Nevada. The report was done by Global Resource Engineering Ltd. of Denver, Colorado. Using the updated NI 43-101 resource report released September 1 by the Company GRE determined what portion of the resource is defined as borehole mineable. This resource, as [...]
Iconic Minerals Ltd. is pleased to announce it has released an updated NI 43-101 resource report for the Bonnie Claire project located 48 km north of Beatty, Nevada. The report was done by Global Resource Engineering Ltd. of Denver, Colorado. Modelling the resource using two open pits in areas of shallow higher grade lithium mineralization along with borehole mining of deeper high grade mineralization GRE calculated an [...]
Iconic Minerals Ltd. is pleased to announce it has initiated permitting its Smith Creek Lithium Project, 37 miles southwest of Austin, Nevada, for drilling. The Notice of Intent will permit the drilling of 5 RC holes to a depth of 122 meters . These holes are designed to test the sediments and ground waters for lithium. Previous drilling conducted by the United States Geologic Survey for ground water evolution studies [...]
Iconic Minerals Ltd. is pleased to announce it has begun total project scale permitting at the Bonnie Claire project located 48 km north of Beatty, Nevada. The permit, known as a Plan of Operation will allow exploration and development of the project for the next several years. Iconic has engaged EM Strategies Inc. of Reno, Nevada to create the Plan of Operations. The study will permit the following: An all-weather access [...]
Iconic Minerals Ltd. announces that the Company has received Phase I funds totaling USD $1,600,000 and Nevada Lithium Corp. has now obtained a 20% interest in the joint venture on the Bonnie Claire Property. Iconic, through its wholly owned subsidiary, Bonaventure Nevada Inc. granted Nevada Lithium the option to earn up to a 50% interest in the Bonnie Claire lithium property located in Nye County, Nevada . See the news [...]
Iconic Minerals Ltd. announces that the Company has received additional Phase I funds totaling CAD $1,200,000 to date from its joint venture partner Nevada Lithium Corp., towards receiving its right to earn 20% interest in the joint venture interests on the Bonnie Claire Property . Richard Kern, Iconic's President and CEO, stated, "This funding provided by Nevada Lithium will help Iconic move Bonnie Claire forward at an [...]
Iconic Minerals announces the grant, pursuant to its 10% Rolling Stock Option Plan that was ratified and approved by shareholders on Feb 26, 2019 and accepted for filing by the TSX Venture Exchange on March 7, 2019, of stock options to certain eligible directors, officers and consultants to purchase a total of 3,000,000 common shares. The stock options are exercisable, in whole or in part, immediately at an exercise price [...]
Iconic Minerals Ltd. announces that the Company has received acceptance from the TSX Venture Exchange on January 28, 2021, for the Company to enter into the option agreement with Nevada Lithium Corp. ) whereby Iconic, through its wholly owned subsidiary, Bonaventure Nevada Inc. granted Nevada Lithium the option to earn up to a 50% interest in the Bonnie Claire lithium property located in Nye County, Nevada . See the news [...]
Iconic Minerals Ltd. would like to make a correction regarding the details of the closing of its non-brokered private placement issuing 10,000,000 units at CAD$0.10 per Unit for gross proceeds of CAD$1,000,000. The Company's press release dated as of the date hereof, stated the price per unit of CAD$0.01, in error. The correct price per Unit is CAD$0.10. Each Unit is comprised of one common share of the Company and one [...]